ABELL provides comprehensive range of company formation services that is suitable for your business requirement on a long-term basis. As part of our added value service, we provide you an advice based on your business goals and plans in Singapore.
The company incorporation can be done in the shortest possible time where we will arrange for the required documents to register the company in Singapore. Our company can provide you a comprehensive and one stop solution services where you can fully operate your business. If you are overseas, we can also arrange the preparation and registration of your company without your physical presence in Singapore.
We provide the following services for company registration:
- Singapore Company Incorporation Services
Please refer below for the company registration procedures in Singapore.
- Nominee Director Services
The Singapore Companies Act requires that Singapore registered private limited companies to have at least one individual director who is an “ordinarily” resident of Singapore. A resident in Singapore is someone who has a local address in Singapore who can stay longer and can either be a Singaporean, Singaporean PR, a work permit holder or an Entrepass holder.
If you do not have a local Singapore resident director to meet the requirement of the Singapore Companies Act, we can provide you a Nominee Director Service. As your nominee director, we do not manage your company operation but to comply with the Singapore Companies Act only. The nominee director has no financial interest in your company. Once you have an individual who is a resident in Singapore, we will arrange for the transfer of the Directorship to your appointed Director. Generally, this will facilitate the process in the company registration specially if you are overseas or your company is overseas.
- Nominee Director Services
The Singapore Companies Act requires that Singapore private limited companies to have at least one shareholder, either an individual or a corporation. The shareholder can either be a foreigner or Singapore resident.
We offer this service for those business owners who wanted to be anonymous and wanted to maintain confidentiality in the ownership of a business. The nominee shareholder will hold the shares in trust and we will be signing a Declaration of Trust as your appointed nominee shareholder. During the tenure of the nominee shareholder, we do not own interest nor can we claim any interest in your company. The shares shall be transferred to the beneficial owner or to a person/company you have nominated to transfer the shareholdings.
- Opening bank accounts in Singapore
- Virtual Office Address / Register Office Address
A company must have a registered office in Singapore which must be operational and accessible to the public during normal office hours. Please note that a P.O. Box address cannot be used as a business registered address. We provide you a centralized location for your registered address within the Central business district (CBD) area for your company registration with ACRA (Accounting and Corporate Regulatory Authority).
In addition, we also provide the following;
- Address for use as a mailing business address
- Receipt of your mails, parcels or registered mail
- Self-collection of mails and parcels
The following procedures to register a company in Singapore:
- Company Name
Prior to register a company, you shall submit a proposed company name to us. After the company name has been approved, we can only register a company with ACRA.
You can have more than one director for your company in Singapore. A foreigner, who wants to set up company in Singapore, is required to appoint local resident director. The foreigner can continue to reside outside Singapore. A local resident director is normally a person who is a Singapore Citizen, Singapore Permanent Resident or valid employment pass, entre-pass. A minimum age to be a director in Singapore is 18 years and above, no criminal record and have not being discharged by a Singapore Court or a foreign court having jurisdiction in bankruptcy.
- Registered Address
A company in Singapore must have a registered office within Singapore to which all communications and notices may be addressed and which shall be open and accessible to the public for not less than 3 hours during ordinary business hours on each business day. It can be residential or commercial address in Singapore and P.O. Box address cannot be used as the business address across the entities.
- Principal business activities
You may give us up to 2 principal business activities for your company in Singapore.
You can have minimum one shareholder and the shareholder can be local or foreign individual or corporate. The EPC (Exempt Private Company) is a company owned by not more than 20 individuals and no corporate shareholders in the company. While, private company is a company with 50 members or less and you can have corporate shareholder to hold the share of the company. In Singapore, you can register a company with 100% foreign ownership.
- Company Secretary Services
You must appoint a secretary within 6 months from the date of its incorporation. The company secretary must be residing locally in Singapore and the company secretary must not be the sole director of the company. We can assist you for the company secretarial services for your company.
- Paid-up Capital
You can register a company in Singapore with minimum share capital of S$1. The share capital can be an ordinary shares, preference shares or other shares.
There are specific industries where a license will be required such as Manpower agency, F&B business, Hotel, Real estate agency, event management, money exchange business, etc.
You can read more information on Different Ways for Foreign Companies to Set Up Business in Singapore.
Please free to contact us at +65 6221-1768 or book appointment with us for discussion.